The stock of Cooper Energy Ltd. (ASX:COE) reached all time low today, Nov, 3 and still has $0.28 target or 10.00% below today’s $0.31 share price. This indicates more downside for the $204.22M company. This technical setup was reported by Barchart.com. If the $0.28 PT is reached, the company will be worth $20.42M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock closed at $0.31 during the last session. It is down 26.53% since April 7, 2016 and is uptrending. It has outperformed by 25.32% the S&P500.
According to Zacks Investment Research, “China Online Education Group provides online education platform primarily in China. The Company offers english language education services through online and mobile education platforms. China Online Education Group is headquartered in Beijing, the People’s Republic of China.”
Another recent and important Cooper Energy Ltd. (ASX:COE) news was published by Worldoil.com which published an article titled: “Cooper Energy recommences drilling with Callawonga-12 in South Australia” on August 18, 2016.
COE Company Profile
China Online Education Group is engaged in operating an online education platform, which focuses on English education. As of June 7, 2016, the Company had developed online and mobile education platforms that enable students across China to take one-on-one live interactive English lessons with overseas foreign teachers, on demand, fostering the development of various aspects of English proficiency. The Firm employs student and teacher feedback and data analytics to deliver a personalized learning experience. The Firm connects its students with a range of foreign teachers, which it has assembled using a shared economy approach. Once its teachers have gone through its selection and training process, it helps in delivering lessons based on their own scheduling availability, at various locations of their choice, and get paid based on the number of lessons taught. The Company’s platform analyzes teachers’ teaching aptitudes, feedback and rating from students, as well as background, and recommends suitable teachers to students according to their respective characteristics and learning objectives. It helps in accommodating and addressing students’ individual learning behaviors and needs. The Firm has geographical presence in China and the Philippines.
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